|
Ministry of Commerce & Industry
|
INDIA’S FOREIGN TRADE: SEPTEMBER 2021
India’s overall exports  in September 2021are estimated to be USD 54.06 Billion, exhibiting a positive growth of 21.44 per cent over the same period last year and a positive growth of 26.03 per cent over September 2019. Overall imports in September 2021are estimated to be USD 68.49Billion, exhibiting a positive growth of 70.00 per cent over the same period last year and a positive growth of 44.11 per cent over September 2019.
|
|
|
|
|
|
September 2021

|
|
September 2020

|
|
September 2019

|
|
Growth vis-à-vis September 2020 
|
|
Growth vis-à-vis September 2019 
|
|
Merchandise
|
|
Exports
|
|
33.79
|
|
27.56
|
|
26.02
|
|
22.63
|
|
29.86
|
|
Imports
|
|
56.39
|
|
30.52
|
|
37.69
|
|
84.77
|
|
49.59
|
|
Trade Balance
|
|
-22.59
|
|
-2.96
|
|
-11.67
|
|
-663.48
|
|
-93.60
|
|
Services|
|
Exports
|
|
20.26
|
|
16.96
|
|
16.87
|
|
19.50
|
|
20.13
|
|
Imports
|
|
12.10
|
|
9.77
|
|
9.83
|
|
23.86
|
|
23.09
|
|
Net of Services
|
|
8.16
|
|
7.19
|
|
7.04
|
|
13.58
|
|
15.98
|
|
Overall Trade (Merchandise+
Services)|
|
Exports
|
|
54.06
|
|
44.52
|
|
42.89
|
|
21.44
|
|
26.03
|
|
Imports
|
|
68.49
|
|
40.29
|
|
47.53
|
|
70.00
|
|
44.11
|
|
Trade Balance
|
|
-14.43
|
|
4.23
|
|
-4.63
|
|
-441.40
|
|
-211.51Note: The latest data for services sector released by RBI is for August 2021. The data for September 2021 is an estimation, which will be revised based on RBI’s subsequent release. Data for2019,2020 and April to June 2021 are revised on pro-rata basis using quarterly balance of payments data.
India’s overall exports  in April-September 2021are estimated to be USD 312.47Billion, exhibiting a positive growth of 40.52per cent over the same period last year and a positive growth of 18.30per cent over April-September 2019. Overall imports in April-September 2021are estimated to be USD 341.10Billion, exhibiting a positive growth of 64.91per cent over the same period last year and a positive growth of 9.31per cent over April-September 2019.
|
|
|
|
|
|
April-September 2021

|
|
April-September 2020

|
|
April-September 2019

|
|
Growth vis-à-vis April-September 2020 
|
|
Growth vis-à-vis April-September 2019 
|
|
Merchandise
|
|
Exports
|
|
197.89
|
|
125.62
|
|
159.16
|
|
57.53
|
|
24.33
|
|
Imports
|
|
276.02
|
|
151.94
|
|
248.08
|
|
81.67
|
|
11.26
|
|
Trade Balance
|
|
-78.13
|
|
-26.31
|
|
-88.92
|
|
-196.91
|
|
12.13
|
|
Services|
|
Exports
|
|
114.58
|
|
96.75
|
|
104.97
|
|
18.43
|
|
9.15
|
|
Imports
|
|
65.08
|
|
54.90
|
|
63.96
|
|
18.54
|
|
1.76
|
|
Net of Services
|
|
49.50
|
|
41.84
|
|
41.02
|
|
18.28
|
|
20.67
|
|
Overall Trade (Merchandise+
Services)|
|
Exports
|
|
312.47
|
|
222.37
|
|
264.14
|
|
40.52
|
|
18.30
|
|
Imports
|
|
341.10
|
|
206.84
|
|
312.04
|
|
64.91
|
|
9.31
|
|
Trade Balance
|
|
-28.63
|
|
15.53
|
|
-47.90
|
|
-284.38
|
|
40.22Note: The latest data for services sector released by RBI is for August 2021. The data for September 2021 is an estimation, which will be revised based on RBI’s subsequent release.  Data for 2019, 2020 and April to June 2021 are revised on pro-rata basis using quarterly balance of payments data.
I. MERCHANDISE TRADE
EXPORTS 
- Exports in September 2021 were USD 33.79 Billion, as compared to USD 27.56 Billion in September 2020, exhibiting a positive growth of 22.63 per cent. In Rupee terms, exports were Rs. 2,48,605.74 Crore in September 2021, as compared to Rs. 2,02,508.54 Crore in September 2020, registering a positive growth of 22.76 per cent. As compared to September 2019, exports in September 2021 exhibited a positive growth of 29.86 per cent in Dollar terms and 33.92per cent in Rupee terms.
- The commodities/commodity groups which have recorded positive growth during September 2021 vis-à-vis September 2020 areCoffee , Cashew , Petroleum products , Cotton yarn/fabs./made-ups, handloom products etc. , Engineering goods , Organic & inorganic chemicals , Man-made yarn/fabs./made-ups etc. , Electronic goods , Other cereals , Fruits & vegetables , Gems & jewellery , Plastic & Linoleum , Jute mfg. including floor covering , Marine products , RMG of all textiles , Mica, Coal & other ores, minerals including processed minerals , Leather & leather products , Cereal preparations & miscellaneous processed items , Rice , Carpet , Tea  and Handicrafts excl. handmade Carpet .
- The commodities/commodity groups which have recorded negative growth during September 2021 vis-à-vis September 2020 are Iron ore , Oil meals , Oil seeds , Tobacco , Ceramic products & glassware , Spices , Meat, dairy & poultry products  and Drugs & pharmaceuticals .
- Cumulative value of exports for the period April-September 2021 was USD 197.89 Billion  as against USD 125.62 Billion  during the period April-September 2020, registering a positive growth of 57.53 per cent in Dollar terms . As compared to April-September 2019, exports in April-September 2021 exhibited a positive growth of 24.33 per cent in Dollar terms and 31.35 per cent in Rupee terms.
- Non-petroleum and Non-Gems and Jewellery exports in September 2021 were USD 25.34 Billion, as compared to USD 21.33 Billion in September 2020, registering a positive growth of 18.82 per cent. As compared to September 2019, Non-petroleum and Non-Gems and Jewellery exports in September 2021registered a positive growth of 33.39 per cent. Non-petroleum and Non-Gems and Jewellery exports in April-September 2021 were USD 149.89 Billion, as compared to USD 104.81 Billion for the corresponding period in 2020-21, which is an increase of 43.02 per cent. As compared to April-September 2019, Non-petroleum and Non-Gems and Jewellery exports in April-September 2021 registered a positive growth of 26.34 per cent.
IMPORTS
- Imports in September 2021 were USD 56.39 Billion , which is an increase of 84.77 per cent in Dollar terms and 84.97 per cent in Rupee terms over imports of USD 30.52 Billion  in September 2020. Imports in September 2021 have registered a positive growth of49.59 per cent in Dollar terms and 54.27 per cent in Rupee terms in comparison to September 2019. Cumulative value of imports for the period April-September 2021 was USD 276.02 Billion , as against USD 151.94 Billion  during the period April-September 2020, registering a positive growth of 81.67 per cent in Dollar terms and a positive growth of 79.18 per cent in Rupee terms. Imports in April-September 2021 have registered a positive growth of 11.26 per cent in Dollar terms and positive growth of 17.59 per cent in Rupee terms in comparison to April-September 2019.
- Major commodity group of import showing negative growth in September2021 over the corresponding month of last year is:
CRUDE OIL AND NON-OIL IMPORTS:
- Oil imports in September 2021 were USD 17.44Billion , which was 199.27 percent higher in Dollar terms , compared to USD 5.83 Billion  in September 2020. As compared to September 2019, oil imports in September 2021 were 91.90 percent higher in Dollar terms and 97.90per cent higher in Rupee terms. Oil imports in April-September 2021 were USD 72.99 Billion  which was 127.99 per cent higher in Dollar terms  compared to USD 32.01 Billion , over the same period last year. As compared to April-September 2019, oil imports in April-September 2021 were 11.95 percent higher in Dollar terms and 18.30per cent higher in Rupee terms.
- In this connection it is mentioned that the global Brent price  has increased by 81.55% in September 2021 vis-à-vis September 2020 as per data available from World Bank.
- Non-oil imports in September 2021 were estimated at USD 38.95 Billion  which was 57.75 percent higher in Dollar terms , compared to USD 24.69 Billion  in September 2020. As compared to September 2019, Non-oil imports in September 2021, were 36.16per cent higher in Dollar terms and 40.41 per cent higher in Rupee terms. Non-oil imports in April-September 2021 were USD 203.03 Billion  which was 69.30 per cent higher in Dollar terms , compared to USD 119.92 Billion  in April-September 2020. As compared to April-September 2019, Non-oil imports in April-September 2021 were 11.02 per cent higher in Dollar terms and 17.34 per cent higher in Rupee terms.
- Non-Oil and Non-Gold imports were USD 33.84Billion in September 2021, recording a positive growth of 40.45per cent, as compared to Non-Oil and Non-Gold imports of USD 24.09Billion in September 2020. Non-Oil and Non-Gold imports in September 2021 recorded a positive growth of 23.79 per cent over September 2019. Non-Oil and Non-Gold imports were USD 179.07Billion in April-September 2021, recording a positive growth of 58.26per cent, as compared to Non-Oil and Non-Gold imports of USD 113.15Billion in April-September 2020. Non-Oil and Non-Gold imports in April-September 2021 recorded a positive growth of 7.18 per cent over April-September 2019.
II. TRADE IN SERVICES
EXPORTS 
- As per the latest press release by RBI dated 1stOctober 2021, exports in August 2021 were USD 19.57 Billion  registering a positive growth of 21.36 per cent in Dollar terms, vis-à-vis August2020. The estimated value of services export for September2021is USD 20.26 Billion, exhibiting a positive growth of 19.50 per centvis-a-visSeptember 2020  and a positive growth of 20.13 per cent vis-à-vis September 2019 .
IMPORTS 
- As per the latest press release by RBI dated 1stOctober2021, imports in August 2021were USD 11.52Billion  registering a positive growth of 24.52 per cent in Dollar terms, vis-à-vis August 2020. The estimated value of services import for September2021is USD 12.10 Billion exhibiting a positive growth of 23.86 per cent vis-à-vis September 2020  and a positivegrowth of23.09 per cent vis-à-vis September 2019 .
III.TRADE BALANCE
- MERCHANDISE: The trade balance for September2021 was estimated at USD22.59Billion as against USD2.96 Billion inSeptember2020, which is a declineof 663.48 percent. As compared to September 2019 11.67 Billion), trade balance in September 2021 exhibited a negative growth of 93.60 per cent.
- SERVICES: As per RBI’s Press Release dated 1stOctober2021, the trade balance in Services  for August 2021is USD8.05 Billion. The estimated trade balance in September 2021is USD8.16 Billion, which is an increase of 13.58 per cent over September2020  and an increase of15.98 per cent over September2019 .
- OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade balance for September 2021is estimated atUSD 14.43 Billion as compared to USD4.23 Billion in September 2020, a decline of 441.40 per cent. In comparison to September 20194.63 Billion), trade balance in September 2021 exhibited a negative growth of 211.51 per cent.Note: The latest data for services sector released by RBI is for August 2021. The data for September 2021 is an estimation, which will be revised based on RBI’s subsequent release.  Data for 2019, 2020 and April to June 2021 are revised on pro-rata basis using quarterly balance of payments data.
MERCHANDISE TRADE
|
|
EXPORTS & IMPORTS: 
|
|

|
|
|
|
SEPTEMBER
|
|
APRIL-SEPTEMBER
|
|
EXPORTS
|
|
|
|
|
|
2019-20
|
|
1,85,642.32
|
|
11,13,886.17
|
|
2020-21
|
|
2,02,508.54
|
|
9,41,358.09
|
|
2021-22
|
|
2,48,605.74
|
|
14,63,048.24
|
|
%Growth 2021-22/ 2020-21
|
|
22.76
|
|
55.42
|
|
%Growth 2021-22/ 2019-20
|
|
33.92
|
|
31.35
|
|
IMPORTS
|
|
|
|
|
|
2019-20
|
|
2,68,891.09
|
|
17,35,550.99
|
|
2020-21
|
|
2,24,254.02
|
|
11,39,032.05
|
|
2021-22
|
|
4,14,812.41
|
|
20,40,890.34
|
|
%Growth 2021-22/ 2020-21
|
|
84.97
|
|
79.18
|
|
%Growth 2021-22/ 2019-20
|
|
54.27
|
|
17.59
|
|
TRADE BALANCE
|
|
|
|
|
|
2019-20
|
|
-83,248.77
|
|
-6,21,664.82
|
|
2020-21
|
|
-21,745.48
|
|
-1,97,673.96
|
|
2021-22
|
|
-1,66,206.67
|
|
-5,77,842.10
SERVICES TRADE
|
|
EXPORTS & IMPORTS  : 
|
|
|
|

|
|
August 2021
|
|
April-August 2021
|
|
EXPORTS 
|
|
19.57
|
|
94.31
|
|
IMPORTS 
|
|
11.52
|
|
52.98
|
|
TRADE BALANCE
|
|
8.05
|
|
41.33
|
|
|
|
|
|
|
|
EXPORTS & IMPORTS : 
|
|
|
|

|
|
August 2021
|
|
April-August 2021
|
|
EXPORTS 
|
|
1,45,208.94
|
|
6,97,909.19
|
|
IMPORTS 
|
|
85,460.66
|
|
3,92,101.90
|
|
TRADE BALANCE
|
|
59,748.28
|
|
3,05,807.29
|
|
Source: RBI Press Release dated 1stOctober 2021
|
|Link for the quick Estimates